To Cut Costs, GM May Stop Making Cars - Crystal Air Productions (satire)
DETROIT (CAP) - In an effort to cut spiraling costs, General Motors may stop making cars as soon as 2011, said GM COO Fritz Henderson at the Automotive News World Congress this week.
"The fact of the matter is, right now we're losing money on pretty much every car we make," said Henderson. "So you can imagine how much money we'd save if we just stopped making them.
"I'm thinking quite a bit," he added.
Henderson noted that even if GM stopped making cars tomorrow, the stock they have now would last at least two years, "more if people keep not buying cars."
After that, he said, "we can start by selling off other things we have around the showrooms, like the fixtures and the couches in the waiting room. By the time that's all gone, I'm sure the economy will be better, or we'll have figured out something else we can sell that might be more profitable than, you know, cars."
He mentioned vacuums, clothes dryers and lawn mowers as possibilities. "Ideally it would be something with a motor in it, because of the whole ‘General Motors' thing," he said.
